Friday, 19 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 19 MAY 2017

CPO trading range for the day is 508.4-518.2. Crude palm oil fell on profit booking after prices remained supported tracking global cues on higher Malaysian palm oil export data. Indonesia's crude palm oil (CPO) output likely fell in April, while both exports and domestic consumption likely rose CPO production in Indonesia, the world's top producer of the vegetable oil, likely fell to 2.90 million tonnes from 3.08 million tonnes in MarchCrude palm oil prices in spot market dropped by 1.30 rupees and settled at 519.00 rupees.

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